Examlex
Kiaser has average intelligence, persists at challenging tasks, and displays initiative in the face of challenges. Kiaser is demonstrating
MBCA
Model Business Corporation Act, a recommendation for state law on corporations, providing a template for corporate governance and operations.
Net Asset Test
A financial assessment to determine a company's or individual's net worth by subtracting total liabilities from total assets.
Revised Act
Refers to legislation that has been updated or amended to incorporate changes or new provisions since its original enactment.
Earned Surplus
Profits that a company has retained rather than distributed to shareholders, typically used for reinvestment in the business or to pay down debt.
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